CollPlant Receives Nasdaq Notice for 30-Day Sub-$1 Bid, 180-Day Deadline
On March 23, 2026, CollPlant received a Nasdaq notice for failing to maintain a $1.00 closing bid price over 30 consecutive business days. The company has a 180-day window until September 21, 2026 to restore compliance, potentially via a reverse share split, or face delisting.
1. Nasdaq Deficiency Notice
On March 23, 2026, CollPlant was notified by Nasdaq that its closing bid price fell below $1.00 per share for 30 consecutive business days, breaching Listing Rule 5550(a)(2). The company’s ordinary shares remain listed, but this notice initiates a 180-calendar-day compliance period.
2. Compliance Strategies and Risks
To regain compliance, CollPlant must achieve a closing bid price at or above $1.00 for 10 straight business days before September 21, 2026. If unsuccessful, it may pursue a reverse share split or seek a second 180-day extension by meeting market value and other listing criteria, failing which delisting proceedings will commence.